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Fundamentals of Corporate Finance by Robert Parrino

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3

Financial Statements, Cash Flows, and Taxes

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Learning Objectives

images Discuss generally accepted accounting principles (GAAP) and their importance to the economy.

images Explain the balance sheet identity and why a balance sheet must balance.

images Describe how market-value balance sheets differ from book-value balance sheets.

images Identify the basic equation for the income statement and the information it provides.

images Understand the calculation of cash flows from operating, investing, and financing activities required in the statement of cash flows.

images Explain how the four major financial statements discussed in this chapter are related.

images Identify the cash flow to a firm's investors using its financial statements. ...

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